Where the Creditor Has Possession of the Collateral,the Security Agreement

question 24

True/False

Where the creditor has possession of the collateral,the security agreement may be oral.

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Definitions:

Heroin

An illegal opioid drug derived from morphine, highly addictive and known for its powerful euphoric effects.

Injection

The act of administering a liquid, especially a drug, into the body using a needle and syringe.

Barbiturates

A class of drugs used as sedatives and hypnotics, historically prescribed for anxiety, insomnia, and seizure disorders, now less common due to the risk of dependence.

Benzodiazepines

A class of psychoactive drugs used to treat conditions such as anxiety, insomnia, and seizures by enhancing the effect of the neurotransmitter GABA.